Rising housing costs are propping up inflation for consumers, despite relief at the gasoline pump and mild price increases for many goods. The consumer-price index, which reflects what Americans pay for everything from razors to radishes, rose a seasonally adjusted 0.1% in July from a month earlier, the Labor Department said.
Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or are unwilling to pay back their school debt.
U.S. industrial output clicked into a higher gear in July on the strength of auto production, but the rest of the sector is only slowly lurching forward. Industrial production, a measure of output in the manufacturing, utilities and mining sectors, rose a seasonally adjusted 0.6% in July from June, the Federal Reserve said. It was the largest gain since November and the second straight increase for the measure after starting the year with five monthly decreases
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